Trade Preferences for Developing Countries

Richard Pomfret

in The Economics of Regional Trading Arrangements

Published in print November 2001 | ISBN: 9780199248872
Published online November 2003 | e-ISBN: 9780191596797 | DOI:
 Trade Preferences for Developing Countries

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Analyses the effects of non‐reciprocal tariff preferences granted by high‐income countries to less‐developed countries. Section 1 reports the gross trade effects, which have often been small because of low export supply elasticities of the beneficiaries and exclusion of products for which supply might have been responsive. Section 2 deals with measures of trade creation, trade diversion, and the net welfare effects. Section 3 draws conclusions.

Keywords: less‐developed countries; supply elasticity; tariff preferences; trade creation; trade diversion; welfare

Chapter.  4643 words.  Illustrated.

Subjects: International Economics

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